| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.0B | $15.8B | $25.1B | 26.9% | -20.5% |
| Op. Income | $1.3B | -$3.5B | $2.1B | 138.0% | -37.0% |
| Gross Margin | 15.3% | -13.0% | 16.3% | 28.4pp | -1.0pp |
| Net Margin | 5.8% | -18.7% | 9.4% | 24.5pp | -3.6pp |
| EPS (Diluted) | $2.05 | $-5.21 | $4.07 | 139.3% | -49.6% |
| Free Cash Flow | -$2.9B | -$1.0B | $4.1B | -180.2% | -170.4% |
| Item | Amount |
|---|---|
| REVENUE | $20.0B |
| Cost of Revenue | $16.9B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $778M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $948M |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $18.6B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $203M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $576M |
| EBIT | $1.4B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $20.0B |
| Cost of Revenue | $16.9B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $778M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $948M |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $18.6B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $203M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $576M |
| EBIT | $1.4B |
| EBITDA | $2.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $576M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | $40M |
| Other Non-Cash Items | $45M |
| Change in Working Capital | -$4.3B |
| OPERATING CASH FLOW | -$2.4B |
| Capital Expenditure | -$465M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$943M |
| Sales/Maturities of Investments | $209M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $5.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $4.2B |
| FREE CASH FLOW | -$2.9B |
| Net Change in Cash | $596M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.8B |
| Short-Term Investments | $1.1B |
| Net Receivables | $14.8B |
| Inventory | $73.3B |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $101.7B |
| PP&E (Net) | $12.5B |
| Goodwill | $8.1B |
| Intangible Assets | $3.6B |
| Long-Term Investments | $1.1B |
| Tax Assets | $296M |
| Other Non-Current Assets | $5.4B |
| TOTAL NON-CURRENT ASSETS | $30.9B |
| TOTAL ASSETS | $132.6B |
| Account Payables | $15.1B |
| Short-Term Debt | $4.4B |
| Deferred Revenue | $53.2B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $91.8B |
| Long-Term Debt | $20.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $21.7B |
| TOTAL NON-CURRENT LIABILITIES | $44.6B |
| TOTAL LIABILITIES | $136.4B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | $54.0B |
| Treasury Stock | -$54.9B |
| Accum. Other Comp. Income | -$14.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4.1B |
| Minority Interest | $307M |
| TOTAL EQUITY | -$3.8B |
| TOTAL LIABILITIES & EQUITY | $132.6B |
| Total Debt | $24.7B |
| Net Debt | $14.9B |
